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10 Trading rules to become a successful trader

Never invest more than you can lose, the best way is to only use 25% of your account per trade

 

Don't ever chase stocks, let the perfect plays come to you, this will keep your losing trades small  

 

Pay attention to volume, only trade stocks that are moving

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Don’t believe news, Press Releases or promoters, focus on price action

 

Get out of trades when they don’t go your way, and don't let your ego get in the way either

 

Be able to go both long and short to maximise profits

 

Focus on risk-reward, make sure the reward is bigger than the risk 3:1 or more

 

Never fall in love with a stock, otherwise you'll be a bag holder

 

Every trade is a lesson, win or loss, review each trade with what could have been better

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Losses do happen, never try and make back your losses in 1 day, slowly grow your account back up

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